Faisal Spinning Mills Limited reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was PKR 11,600.79 million compared to PKR 11,095.05 million a year ago. Net loss was PKR 244.36 million compared to net income of PKR 554.72 million a year ago. Basic loss per share from continuing operations was PKR 24.44 compared to basic earnings per share from continuing operations of PKR 55.47 a year ago.
For the nine months, sales was PKR 34,640.31 million compared to PKR 26,901.7 million a year ago. Net loss was PKR 584.8 million compared to net income of PKR 1,347.52 million a year ago. Basic loss per share from continuing operations was PKR 58.48 compared to basic earnings per share from continuing operations of PKR 134.75 a year ago.